Filling & packaging materials Mfg. Co. Announces its interim Financial Results for the period ending 31/03/2012 (Three months).
1 - The net profit during the first quarter 7.2 Million riyals compared to 6.6 Million for the same quarter of last year, with an increase of %9 and against 5.2 Million for the previous quarter, with an increase of 38%.
2 - The gross profit during the first quarter 11.6 million riyals compared to 10.5 Million for the corresponding quarter of previous year, with an increase of 10%.
3 - The operating profit during the first quarter 7.7 Million riyals compared to 7.2 Million for the corresponding quarter of previous year, with an increase of 7%.
4 - Earnings per share during the first three months is SR 0.63 compared to SR 0.57 for the same period last year.
5 - The reason for increase in operating and net profit for the first three months is due to the improvement in selling prices and sales growth.
6 - The reason for increase in operating and net profit for the first quarter of 2012 comparing to last quarter is due to the improvment in selling prices and decrease in cost of sales.
7- Some figures have been reclassified for comparison to conform to the presentation of financial statements for the current year.
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